National Pension Service Buys 24,691 Shares of EOG Resources, Inc. (NYSE:EOG)

National Pension Service increased its position in shares of EOG Resources, Inc. (NYSE:EOG) by 2.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,063,294 shares of the energy exploration company’s stock after acquiring an additional 24,691 shares during the quarter. National Pension Service’s holdings in EOG Resources were worth $128,605,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its position in shares of EOG Resources by 1.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 12,937,070 shares of the energy exploration company’s stock valued at $1,639,903,000 after purchasing an additional 145,691 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of EOG Resources by 8.4% in the third quarter. Ameriprise Financial Inc. now owns 11,532,527 shares of the energy exploration company’s stock valued at $1,462,966,000 after buying an additional 892,951 shares during the period. Morgan Stanley increased its position in shares of EOG Resources by 1.5% during the third quarter. Morgan Stanley now owns 7,789,774 shares of the energy exploration company’s stock worth $987,432,000 after acquiring an additional 116,860 shares in the last quarter. Northern Trust Corp raised its holdings in shares of EOG Resources by 3.1% during the third quarter. Northern Trust Corp now owns 6,260,706 shares of the energy exploration company’s stock worth $793,607,000 after acquiring an additional 185,882 shares during the period. Finally, Invesco Ltd. raised its holdings in shares of EOG Resources by 15.2% during the third quarter. Invesco Ltd. now owns 3,495,485 shares of the energy exploration company’s stock worth $443,088,000 after acquiring an additional 460,872 shares during the period. Institutional investors and hedge funds own 89.91% of the company’s stock.

EOG Resources Price Performance

Shares of NYSE EOG traded down $0.43 during mid-day trading on Wednesday, reaching $129.83. The company had a trading volume of 2,799,888 shares, compared to its average volume of 3,385,777. EOG Resources, Inc. has a one year low of $106.32 and a one year high of $139.67. The business’s 50-day simple moving average is $128.17 and its 200 day simple moving average is $122.33. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.05 and a current ratio of 2.32. The firm has a market cap of $74.61 billion, a price-to-earnings ratio of 10.26 and a beta of 1.38.

EOG Resources (NYSE:EOG) last released its earnings results on Thursday, May 2nd. The energy exploration company reported $2.82 EPS for the quarter, beating the consensus estimate of $2.70 by $0.12. The firm had revenue of $6.12 billion for the quarter, compared to analyst estimates of $5.91 billion. EOG Resources had a net margin of 30.33% and a return on equity of 24.83%. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period last year, the firm earned $2.69 EPS. On average, research analysts predict that EOG Resources, Inc. will post 12.14 earnings per share for the current fiscal year.

EOG Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Wednesday, July 17th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date is Wednesday, July 17th. EOG Resources’s dividend payout ratio is presently 28.75%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on EOG. Barclays assumed coverage on EOG Resources in a report on Wednesday, April 10th. They set an “equal weight” rating and a $144.00 target price for the company. Raymond James decreased their price objective on EOG Resources from $148.00 to $145.00 and set a “strong-buy” rating for the company in a report on Wednesday, January 24th. KeyCorp boosted their target price on EOG Resources from $147.00 to $157.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Mizuho raised their price target on shares of EOG Resources from $138.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, April 15th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $145.00 price objective on shares of EOG Resources in a research report on Tuesday, April 9th. Fourteen analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $142.27.

About EOG Resources

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.